Corporate governance is the system of rules, practices and procedures by which a company is managed and administered.
Definition:
Corporate Governance
Corporate governance is the system of rules, practices and procedures by which a company is managed and administered. It defines the roles and responsibilities of the board of directors, management and shareholders, and the mechanisms for ensuring that their interests are balanced and aligned. Corporate governance also defines the relationships between a company's stakeholders, such as creditors, customers, employees, shareholders and the company.